ZURICH--(BUSINESS WIRE)--Amcor Tobacco Packaging today announced that it has completed the acquisition of Souza Cruz s internal tobacco packaging operations located in Cachoeirinha, Rio Grande do Sul, Brazil. Souza Cruz is majority-owned by British American Tobacco plc and is the market leader in the Brazilian cigarette market.
This acquisition adds a third plant to our Latin American footprint, cementing our position as the only truly global packaging supplier for the tobacco industry
The investment is supported by a long-term supply contract between Amcor and Souza Cruz and the business is expected to achieve annual sales of approximately BRL 200 million (US$ 56 million).
This acquisition adds a third plant to our Latin American footprint, cementing our position as the only truly global packaging supplier for the tobacco industry, said Jerzy Czubak, President Amcor Tobacco Packaging.
We are extremely happy to welcome our new team members, who bring with them great knowledge and experience from the industry, Mr Czubak said. Together with our global innovation platforms and exceptional operational capabilities, we are excited by the opportunities our growing footprint presents our customers.
About Amcor Tobacco Packaging
Amcor Tobacco Packaging, a division of Amcor Ltd., is the leading global supplier of folding cartons for the tobacco industry. Recognized for quality and innovation with 23 manufacturing sites in 20 countries across the Americas, Europe, and Asia, its scale, footprint, and packaging expertise enable consistency in quality standards and delivery performance across all operations. The business continues to invest in cutting-edge printing technologies to deliver value-added packaging solutions to customers across a range of industries.
As one of the world s leading packaging manufacturers, Amcor Limited offers customers the highest quality in innovative and sustainable packaging solutions, and partnerships built on service, reliability and excellence. Through its extensive global footprint, Amcor offers a broad range of packaging related products and services, including packaging for beverages, food, healthcare, personal and homecare, tobacco, and industrial applications. The business employs more than 27,000 people worldwide and operates in 43 countries across 180+ sites.
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